This Ponzi Scheme Might END Suburban Prosperity
The Growth Ponzi Scheme, also called the “Municipal Ponzi Scheme,” is a core Strong Towns insight describing the financial characteristics of post-war North American growth patterns.
In the Growth Ponzi Scheme, municipalities receive the modest near-term financial benefits from new development in exchange for the larger long-term financial commitments of providing ongoing service and maintenance.
The Growth Ponzi Scheme is not nefarious; there is not a specific individual or group that has created it for their own benefit. It has emerged from a broad cultural consensus about economic growth, development patterns, and debt. So what can you do?
Michel Durand-Wood article: The Death of a Car City
Intro Clip: Oklahoma